What Is the Average Credit Score in America? Where Do I Stack Up?

The other day, a colleague I was hanging out with shared his credit score with me. This talk reminded me that I need to get an update on my score. I’ve been living in Korea for the past six years and neglected to check my credit score on a regular basis.

Now that I’m getting older, I know it’s time to work hard at building the kind of financial flexibility I want for myself. To me, being in my 30’s is a huge turning point where I need to rid myself of whatever irresponsible behavior I was clinging to, and refuse to be a hindrance to my financial health. Remember my end goal is to live a simple free life.

Credit Score UpdateWell… my new score is 760 for Transunion and 758 for Equifax. I noticed that one of my credit accounts automatically closed due to inactivity. What a bummer! A longer history shows you have more experience using credit, so this closure probably lowered my score.

Credit-Score-Scale.jpg

As you can see from the picture above, I’m considered to be in the top 40%. Although I’m rated as having excellent credit, I’m going to work hard to break into the 800s by mid- 2019. I’m really set on improving my credit score since I’m planning on purchasing or leasing a car in August of this year (moving back to the states) and finding an apartment to rent.

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